Fitbit (FIT) Boosts IPO Size, Expected Price
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June 18, 2015 10:09 AM EDT
Today's IPO for Fitbit (NYSE: FIT) opened for trading at $30.40 after pricing 36,575,000 shares of its Class A common stock at a price to the public of $20 per share, above the expected $17-$19 range which was recently raised.
Fitbit is offering 22,387,500 shares and certain selling stockholders are offering 14,187,500 shares. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 5,486,250 shares of Class A common... More
June 18, 2015 9:58 AM EDT
Today's IPO for Fitbit (NYSE: FIT) is indicated to open between $28-$31 after pricing at $20 per share
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June 18, 2015 6:07 AM EDT
Fitbit, Inc. (NYSE: FIT) announced the pricing of its initial public offering of 36,575,000 shares of its Class A common stock at a price to the public of $20.00 per share. Fitbit is offering 22,387,500 shares and certain selling stockholders are offering 14,187,500 shares. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 5,486,250 shares of Class A common stock. The shares are expected to begin trading on the New York Stock Exchange today under... More
June 17, 2015 8:16 AM EDT
One day before its highly-anticipated IPO, Dougherty & Co analyst Charles Anderson initiated coverage on Fitbit (NYSE: FIT) with a Buy rating and a price target of $28. This is above the expected $17-$19 range the IPO is indicated to price, which was recently raised from $14-$16.
"Fitbit is perhaps the... More
June 15, 2015 6:19 AM EDT
(Updated - June 15, 2015 6:24 AM EDT)
Fitbit, Inc. (NYSE: FIT) filed an amended registration with the U.S. SEC for an IPO of its Common Stock. The company plans to sell 29.85 million units and sees an IPO price of $14 to $16 per share. The company plans to list... More
